Forex Market

US treasuries experienced a rally on Wednesday due to slower-than-expected hiring and a surprise loss from New York Community Bancorp, raising concerns about the health of regional lenders. Two- to five-year Treasury yields tumbled more than 10 basis points as traders priced in a higher likelihood of Federal Reserve interest-rate …

Interest rate cuts could bring relief to consumers and businesses who have been paying more for mortgages, auto loans, credit card debt, and other forms of borrowing as a result of the Fed’s increases. However, rate-weary Americans will likely have to wait a few more months for respite, as Wall …

Ahead of the Fed meeting, the US dollar experienced a fall following a false positive surge higher. Traders were taken aback by the negative ADP figure. The US Dollar Index is still trapped in its trend, circling the 200-day SMA. At 103.102, the DXY chart shows a loss of -0.031%.The …

Gold is trading at $2052.99 per ounce at the time of writing. The price of the precious metal surges by 0.77% ahead of the Federal Reserve’s monetary policy announcement, with the focus mainly on the bank’s future interest rate guidance. Expectations for early rate cuts by the Fed increased as …

The Bank of England (BoE) is expected to acknowledge rapid progress in reducing inflation during its first meeting of 2024. Despite analysts anticipating a hold on interest rates at 5.25%, the central bank’s policy announcement on Thursday will be accompanied by new forecasts, reflecting the projected decline in UK inflation …

In early European trading on Wednesday, the US dollar maintained its strength, poised for the most significant monthly gain since September. Meanwhile, the euro faced headwinds following weak inflation data, contributing to the dollar’s appeal. Geopolitical tensions in the Middle East and economic data played crucial roles in shaping currency …

Gold prices are poised to register their first monthly decline in four months as investors recalibrate expectations for rapid and substantial cuts in US interest rates, given the robust state of the economy. Anticipation surrounds the Federal Reserve’s monetary policy decision later on Wednesday, influencing market sentiment and gold’s performance. …

European stocks continued their upward trajectory on Wednesday, marking the sixth consecutive session of gains. The financial sector played a pivotal role in supporting the positive momentum as traders eagerly awaited the US Federal Reserve’s monetary policy decision later in the day. Market Performance: As of 0822 GMT, the European …

Japan’s Nikkei index has concluded January 2024 with its most robust performance since 1998, showcasing resilience in the face of early declines led by chip company stocks. Overcoming initial setbacks, the index rebounded, securing its place as the best-performing market globally for the month. Market Recovery and Impressive Gains:The Nikkei …

WTI crude oil was 1.35% higher, trading at $77.82 per barrel following a sharp correction decrease on Monday. The price of crude oil rebounded, bolstered as always by enduring geopolitical concerns in the Middle East and the Red Sea conflict.The week began well for gold prices, which briefly tested the …